Mail Away Closing

In a ‘normal’ market, buyer and seller come together for closing at one location – the local title company’s office. However in today’s market, it is now the norm for buyer, seller and the title company to be located in three different states - particularly with distressed home sales (bank foreclosures and short sales). To accommodate this kind of closing, the title company will conduct a ‘mail away’ closing, which generally follows these steps: - Title company prepares the closing documents one or two days in advance of the closing date. - Closing docs are emailed to a local closing agent near the buyer/seller. - Closing docs are printed by the closing agent. - Closing agent arranges a time and location to meet the buyer/seller in person for signatures. - Closing agent walks the buyer/seller through the closing packet and answers any questions. - Closing agent overnights the original signed docs back to the title company.